Mastercard

News stories featuring Mastercard:

NFC World’s ‘Case study: Lessons learned from implementing HCE for cloud-based NFC mobile payments’ webinar is now available to view online. 245 people signed up to take part in the live event and participants gave… More

Join NFC World, Proxama and South Africa-based payment processor Tutuka at 3pm GMT today to get real-world insight into the practical issues faced and lessons learned when deploying a host card emulation (HCE) based mobile payment service, using Visa and Mastercard’s cloud-based payment standards. You can find out more and sign up to join us here.

Android Pay has launched in Ireland with support from Visa and Mastercard and banks AIB and KBC with “more banks being added in the coming months”, Google’s Pali Bhat writes. “You will be able to use Android Pay at thousands of retail locations throughout Ireland that accept contactless payments — these include your favourite shops like Eason, McDonald’s, Tesco, Spar and more.”

Join NFC World, Proxama and South Africa-based payments processor Tutuka at 3pm GMT on Thursday 8 December to discover the real-world issues faced when implementing a host card emulation (HCE) mobile payments service using Visa and Mastercard’s cloud-based payment standards. The webinar will benefit anyone who wants to gain an in-depth understanding of what it takes to launch an HCE payments service. You can find out more and sign up here.

More than 600m mobile devices worldwide will include biometric authentication within the next five years, up from 190m in 2016, with demand for methods that involve less hardware raising the profile of solutions such as… More

British consumers will be able to spread the cost of high-value in-store payments following a partnership between Mastercard and Verifone. The Mastercard Instalments app — the first of its kind in Britain — will launch on Verifone payment terminals at some UK retailers in January. The app has already launched in Romania, with BRD Groupe Societe Generale offering cardholders access to Mastercard Instalments at retailers across the country having conducted its first transaction last week.

Mastercard has introduced an artificial intelligence solution to help financial institutions increase the accuracy of real-time approvals of genuine transactions and reduce false declines, while marking the first time AI has been implemented on a global scale directly on the Mastercard network. “Decision Intelligence examines how a specific account is used over time to detect normal and abnormal shopping spending behaviours,” Mastercard says. “It leverages account information like customer value segmentation, risk profiling, location, merchant, device data, time of day and type of purchase made.”

Mastercard has launched its biometric Identity Check Mobile service in Brazil and Mexico, the payments giant has confirmed. The service allows cardholders to authenticate online payments by scanning their fingerprint or by taking a selfie. The Latin America rollout comes after “trials in the Netherlands, the US and Canada found consumers preferred biometrics to authenticate payments”, Mastercard adds. The service became available to US financial institutions in 2016, with a global expansion expected to increase in 2017.

Mastercard has filed patent applications describing systems and methods for authorising and securing blockchain transactions using existing payment networks. “[The] use of traditional payment networks and payment systems technologies in combination with blockchain currencies may provide consumers and merchants the benefits of the decentralized blockchain, while still maintaining security of account information and provide a strong defense against fraud and theft,” the payments company says.

British accessories brand Tovi Sorga is working with Barclaycard to include contactless payment chips to their wallet cuff range, allowing wearers to make purchases across the UK. “Linked to any Visa or MasterCard debit or credit card registered to a UK address and managed by the bPay mobile app, users have full control and visibility of their spending,” Tami Hargreaves from Barclaycard says.

NFC World today welcomes secure host card emulation (HCE) and tokenization provider Antelop Solutions as a member of our partner program. Antelop is a specialist in mobile payments security and was the first company to… More

South Africans can now use Mastercard’s Masterpass digital wallet to pay for goods and services at more than 30,000 merchants accepting SnapScan in South Africa, using their mobile phones by scanning a QR code at… More

PARTNER NEWS: Carta Worldwide is preparing to welcome leaders from across the payments and financial technology industry to the first Mobey Day in North America, to be held at the Four Seasons Hotel in Toronto… More

Annual shipments of NFC-ready POS terminals are anticipated to reach an estimated 16.1m units worldwide this year, Berg Insight reveals, with more than 90% of new units shipped across Europe and North America supporting the… More

Customers of India’s RBL Bank can now make QR code-based mobile payments using Mastercard’s Masterpass QR mobile payments solution, which has been integrated as a payment option within the bank’s OnGo mobile wallet. “Shoppers can… More

NFC World will host a free webinar on Thursday 8 December to provide insight into the lessons learned from a real-world implementation of a host card emulation (HCE) mobile payments service that makes use of… More

Passengers on National Express bus services across the West Midlands in the UK can now buy monthly travel passes and have them validated directly on their smartphones. The service is making use of Masabi’s JustRide cloud-based mobile ticketing and fare collection system. “As part of the National Express deployment, Masabi will be using Mastercard Payment Gateway Services to enable simple, safe and secure in-app digital payments,” Masabi says. Future updates will enable riders to make payments through Mastercard’s Masterpass digital wallet.

Pan-African banking group Ecobank has signed a memorandum of understanding (MoU) with Visa to roll out the mVisa QR code-based mobile payment service in 33 African markets by the end of 2016. “This MoU will help Ecobank reach 100m customers,” the company says. mVisa was unveiled in August 2015 through a pilot with Indian banks. Ecobank also signed an MoU with Mastercard last month to launch Masterpass QR mobile payments across Africa.